Latest finance news – Page 90
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NewsShein projects doubling of revenues by 2025
Fast fashion retailer Shein has predicted its revenue will more than double to reach almost $60bn (£49.8bn) by 2025.
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NewsCath Kidston owner considering sale
Cath Kidston may be up for sale for the second time in less than a year.
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NewsBoohoo unveils new growth plan as it chases £5bn market cap
Pureplay fashion giant Boohoo has unveiled a new growth share plan in the wake of a “significantly decreased market capitalisation”.
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NewsMorrisons’ credit rating downgraded by Moody’s
Morrisons’ credit rating has been downgraded by Moody’s following poor sales and profits.
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NewsWaitrose invests £100m into slashing own-brand prices
Waitrose & Partners is to invest £100m in cutting the prices of hundreds of its own-brand products in a bid to compete with rival supermarkets as the grocery sector deals with record-high inflation.
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NewsDunelm delivers mixed results as profits plummet
Dunelm has reported falling profits despite a jump in total sales, as the homeware specialist battled strong comparatives and inflationary pressures.
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NewsTile Giant sold in pre-pack deal with former Topps boss
Specialist retailer Tile Giant has been sold in a pre-pack administration deal.
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NewsAndy Murray-backed sports brand Castore in talks for $200m fundraising
Manchester-based sportswear brand Castore is in talks to raise $200m (£166m) to fund its expansion.
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NewsAdidas warns of ‘significant’ impact on profits as it counts cost of Yeezy fallout
Adidas has warned it could take a €1.2bn (£1.06bn) hit in revenues and swing to a loss this year if it chooses not to sell its remaining Yeezy stock.
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NewsArcadia pensions secured in £850m deal with Aviva
Members of bust fashion giant Arcadia Group pension schemes have had their benefits secured following a deal between trustees and insurance and pensions giant Aviva.
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NewsAmazon launches sustainability accelerator for start-ups working on recycling tech
Amazon has launched its second sustainability accelerator for start-ups leading innovation and development of recycling technologies.
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NewsExclusive: Two new players to enter top 30 biggest retailers by 2026
A ranking of the biggest retailers in the UK and a five-year forecast of the top 30 has revealed two new retailers will be joining the list.
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NewsFrasers completes acquisition of fashion brands from rival JD Sports
Frasers has completed the acquisition of five out of the remaining seven fashion brands from its sportswear rival JD Sports, following an announcement about the deal in December 2022.
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NewsExclusive: Tycoon Paphitis reports strong Christmas in store and brands’ return to profit
Entrepreneur Theo Paphitis, owner of Ryman, Robert Dyas and Boux Avenue, revealed a Christmas sales uplift across the board and a return to the black for key brands.
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NewsExclusive: M&S to overtake John Lewis by 2026, forecast reveals
Marks & Spencer is set to supplant the John Lewis Partnership in the ranking of the biggest retailers in the UK, an exclusive forecast by Retail Week Prospect reveals.
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NewsGousto slashes valuation after securing millions in additional funding
Meal-kit delivery service Gousto has reportedly cut its valuation after raising tens of millions of pounds in extra funding to help it through a difficult economic period.
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NewsM&Co snapped up by Yours Clothing owner AK Retail Holdings
M&Co has been bought out of administration by the Peterborough-based business AK Retail Holdings, which owns Yours Clothing, Long Tall Sally, BadRhino and maternity brand Bump It Up.
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NewsAmazon and Apple post mixed results as economic slump impacts demand
Amazon and Apple have both posted mixed results for the fourth quarter as the economic slump dampened demand.
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NewsScS returns to order growth over winter and holds outlook
ScS returned to growth over the last 10 weeks and has held its profit outlook for the financial year
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NewsSuperdry boss Dunkerton denies plans for a buyout
Superdry boss Julian Dunkerton has dismissed rumours he is seeking deals to take the brand private.